An Investment Policy Statement (IPS) serves as the roadmap for investment decisions, ensuring that a portfolio is managed consistently with the client's goals, risk tolerance, and time horizon. These documents are often hard copy, signed documents reviewed during client review meetings to ensure they remain relevant and aligned with the client's goals and circumstances. We have added the IPS object to track the document's highlights, making the information searchable and more manageable to report on. This allows advisors to prepare efficiently for client reviews without pulling out paper files. Portfolios can have multiple IPS assigned; typically, one active IPS and any historical versions. The IPS can also be associated with a Model.
Create a New IPS
The main way to create an IPS is through the Relationship. Open a Relationship record and click on Related>IPS>+ New IPS. From here, you enter the required and optional information about the IPS.
To access IPS from a holistic view, select IPS under Financial Information. Here, you can manage a list of all IPS, including creating new or importing IPS.
What's in an IPS?
General
- IPS Name
- Model
- Financial Plan
- Date of Signed IPS
- In Compliance to IPS?
- Consecutive Months Out of Compliance
- Account
- Relationship
- Last Review Date
- Compliance Run Date
- Reason Out of Compliance
Allocations
- Cash Mkt Value
- Equity Mkt Value
- FI Mkt Value
- Alternative Mkt Value
- Cash Actual %
- Equity Actual %
- FI Actual %
- Alternative Actual %
- Cash Target %
- Equity Target %
- FI Target %
- Alternative Target %
- Cash Drift %
- Equity Drift %
- FI Drift %
- Alternative Drift %
Allocation Limits
- Cash Target Low %
- Cash Target High %
- Cash Compliant
- Equity Target Low %
- Equity Target High %
- Equity Compliant
- FI Target Low %
- FI Target High %
- FI Compliant
- Alt Target Low %
- Alt Target High %
- Alt Compliant
Purpose
Return Objectives
